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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Industry News

Seifsa invites manufacturing companies to take part in decarbonisation pilot programme

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Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa), in collaboration with industry organisation Danish Industry, is inviting South African manufacturing companies to express an interest in participating in a fully funded decarbonisation pilot programme. The programme is designed to support manufacturers in understanding where emissions reduction opportunities exist within their operations and to help companies move from data and awareness toward practical, realistic decarbonisation planning.

Eskom unbundling plan could be ‘major setback’ for electricity reform – Busa

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Business Unity South Africa (Busa) has expressed concern that the Eskom unbundling plan announced in December might represent a “major setback” for the reforms under way in the electricity sector and is seeking urgent clarity as to why the policymaker has endorsed the plan. CEO Khulekani Mathe tells Engineering News that organised business was taken by surprise by the announcement that the National Transmission Company South Africa would remain an Eskom Holdings subsidiary and that the transmission assets would not be transferred to a new Transmission System Operator (TSO) being set up outside of Eskom.

Cape Town, UCT to roll out research project ahead of electric bus deployment

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The City of Cape Town’s (CoCT’s) Urban Mobility Directorate, together with the University of Cape Town (UCT), is set to roll out a research project to test and better understand how electric buses will operate as part of the city’s MyCiTi bus fleet. The parties have been given the go-ahead by the city to sign a €90 000 grant-funding agreement with the EU-funded eBRT2030 programme to undertake the electric bus (e-bus) project.

Sappi posts loss for Dec quarter amid strong rand, lower prices

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JSE-listed woodfibre-based products and packaging manufacturer Sappi posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $90-million for the quarter ended December 31, 2025, down from the Ebitda of $203-million reported for the quarter ended December 2024. It also posted a loss for the quarter of $37-million, compared with a profit of $70-million in the prior comparable quarter.

Afreximbank announces initial $8bn funding package for South Africa as a new shareholder

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President Cyril Ramaphosa has overseen the signing of South Africa’s accession to the African Export-Import Bank (Afreximbank) establishment agreement after Parliament approved the move in November last year. As a consequence of the signing, which was executed by Trade, Industry and Competition Minister Parks Tau and witnessed by Ramaphosa on February 4, in Johannesburg, Afreximbank president George Elombi announced that the bank had put together an initial $8-billion funding package for South Africa, geared at supporting the country’s National Development Plan (NDP) and National Industrial Policy Framework.
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